SAVE has been climbing the charts in recent monthsSpirit Airlines Incorporated (NYSE:SAVE) traded as high as $47.50 this morning -- filling up on analyst bull notes and better-than-expected fourth-quarter revenue amid lower fuel costs. Three price-target hikes have surfaced, the highest coming from Deutsche Bank to $55 from $49. While the shares nabbed a six-month high out of the gate, they have...Read More
TWTR is on track for its best single-session gain since 2017The big earnings winner on Wall Street this morning is Twitter Inc (NYSE:TWTR). While the social media giant reported adjusted fourth-quarter earnings that fell short of expectations, revenue clocked in at $1.01 billion, exceeding the $996.7 million estimates. Daily active users also rose to 152 million, above the forecast 147.5 million...Read More
Lumber Liquidators announced that its president and CEO will resign Hardwood flooring specialist Lumber Liquidators Holdings Inc (NYSE:LL) is getting a boost today, following an announcement that the company's President and CEO Dennis R. Knowles stepped down, effective Feb. 5. The firm also reiterated its 2019 outlook and expects to release earnings next month on March 16. At last check, LL is up...Read More
Twitter is this morning's big earnings winnerFresh off its best outing in nine months, Dow Jones Industrial Average (DJI) futures are pointed at another impressive gain this morning. Fueling today's push is news that as part of the "phase one" trade deal, China will halve its tariffs on $75 billion worth of U.S. imports, going into effect on Feb. 14. S&P 500 Index (SPX) and Nasdaq-100 Index (N...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Theprecious metals market didn’t do much yesterday, but – what may seem surprising- that’s quite bullish. It’s bullish, because the USD Index rallied to newyearly highs and this “should have” caused the PMs and miners to decline. Itdidn’t, which suggests that the decline is not yet ripe for continuation. Inthis case, the most likely scenario is that we&rsq...Read More
Last week we noted that the risks in preciousmetals were primarily technical. Sentiment and technicals urge caution over theshort-term. The net speculative position in Gold hasremained high for months while the 21-day daily sentiment index (DSI) hit 81%.Since the sector peak five months ago, Silver and the gold stocks havecorrected in price while Gold has made a new high.That non-confirmation has...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Feb 07, 2020 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming People are not paying attention to the next bull run, which would be driven by excessive amounts of debt around the world, and now is a good time to be positioned, said E.B. Tucker, director of Metalla Royalty & Streaming. "I think people should see the $1,900 target that we've been talking about as the next phase and I...Read More
By: David HaggithHaving predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019's fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.I fi...Read More
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More
The Nasdaq hit a record high earlierU.S. stocks pulled together big wins across the board in today's trading. The Nasdaq nabbed an afternoon peak above 9,574, brushing off Tesla's (TSLA)worst daily loss since 2012. The Dow roared to an 483-point gain -- it's third straight win andbest single-session win since June 4 -- as blue chipsUnitedHealth (UNH) and IBM (IBM) both finished at or above 5% for...Read More
Short-term options players have been buying putsProduct developer Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is down 5% this afternoon, last seen at $120.50, after the company last night announced the departure of Senior Executive Dan Houser. This comes just ahead of the video game maker's fiscal third-quarter earnings, which are due after the close tomorrow, Feb. 6. TTWO has struggled to...Read More
Intercontinental Exchange is rumored to be interested in buying eBayExchange operator Intercontinental Exchange Inc (NYSE:ICE) was in focus this morning, after a Wall Street Journal report indicated the company made a $30 billion bid to acquire e-commerce icon eBay (EBAY). Earlier today, news surfaced Intercontinental did manage to acquire loyalty program provider Bridge2 Solutions. In response,...Read More